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35- 00241.8
<br />Lender's written agreement or applicable law. Borrower shall pay the amount of all mortgage insurance premiums in the
<br />manner provided under paragraph 2 hereof.
<br />Any amounts disbursed by Lender pursuant to this paragraph 7, with interest thereon, shall become additional
<br />indebtedness of Borrower secured by this Mortgage. Unless Borrower and Lender agree to other terms of payment, such
<br />amounts shall be payable upon notice from Lender to Borrower requesting payment thereof, and shall bear interest from the
<br />date of disbursement at the rate payable from time to time on outstanding principal under the Note unless payment of
<br />interest at such rate would be contrary to applicable law, in which event such amounts shall bear interest at the highest rate
<br />Permistribie under applicable law. Nothing contained in this paragraph 7 shall require Lender to incur any expense or take
<br />any action hereunder.
<br />It, Impaction. lender may make or cause to he made reasonable entries upon and inspections of the Property, provided
<br />that Lender shall give Borrower notice prior to any such inspection specifying reasonable cause therefor related to Lender's
<br />interest in the Property.
<br />'. Gmllsmno8oa. The proceeds of any award or claim for damages, direct or consequential, in connection with any
<br />condemnation or other taking of the Property, or part thereof, or for conveyance in lieu of condemnation, are hereby assigned
<br />and shall be paid to Lea lzr.
<br />in the event of a total taking of the Property, the proceeds shall he applied to the sums secured by this Mortgage.
<br />with the excess, if any, paid to Borrower. in the event of a partial taking of the Property, unless Borrower and Lender
<br />otherwise agree in writing, there shall be applied to the sums secured by this Mortgage such proportion of the proceeds
<br />as is equal to that proportion which the amount of the sums secured by this Mortgage immediately prior to The date of
<br />taking bears to the fair market %aloe of the Property immediately prior to the dare of taking, with the balance of the proceeds
<br />paid to Borrower.
<br />if the Property is abandoned by Borrower, or if, after notice by Lender to Borrower that the condemnor offers to make
<br />an award or settle a claim for damages, Borrower fails to respond to Lender within 30 days after the date such notice is
<br />mailed, Lender is authorized to collect and apply the proceeds, at tender's option, either to restoration or repair of the
<br />Property or to the sums secured by this Mortgage.
<br />Unless Lender and Borrower otherwise agree in writing, any such application of proceeds to principal shall not extend
<br />or postpone the due date of the monthly installments referred to in paragraphs I and 2 hereof or change the amount of
<br />such installments.
<br />10. Borrower Not Released. Extension of the time for pavmenr or modification of amortization of the sums secured
<br />by this Mortgage granted by Lender to any successor in interest of Borrower shall not operate to release, in any manner,
<br />the liability of the original Borrower and Borrower's successors u, interest l ender shall not he required to commence
<br />Proceedings against such successor or refuse to extend time for payment or otherwise modify amortization of the sums
<br />secured by this Mortgage by reason of any demand made by the Original Borrower and Borrower's successors in interest.
<br />i1. Forbearance by Lender Not a Waiver. Any forbearance by Lender in exercising any right or remedy hereunder, or
<br />Otherwise afforded by applicable law, shall not he a waiver of or preclude the exercise of any such right or remedy.
<br />The procurement of insurance or the payment of taxes tar other hens or charges by Lender shall not he a waiver of Lender's
<br />right to accelerate the maturity of the indebtedness secured by th,% Mortgage
<br />12. Remedies Cumulative. Ali remedies provided in this Mortgage are distinct and cumulative to any other right or
<br />remedy under this Mortgage or afforded by law or equity. and may )m exercised concurrently, independently or successively.
<br />13. Succeatont sad Assigns bound; Joint and Several t.iahility; Captions, fire covenants and agreements herein
<br />contained shall hind, and the rights hereunder shall inure to. the respective successors and assigns of Lender and Borrower.
<br />subject to the provisions of paragraph 17 hereof Ail covenants and agreements Of Borrowcr shall he joint and several.
<br />lire captions and headings of the paragraphs of this Mortgage are for convenience only and are not to he used to
<br />interpret or define the provisions hereof.
<br />14. Notfee. Except for any notice required under applical.i.: law to he given in another manner, (a) any notice to
<br />Borrower provided for in this Mortgage oh-ail he given by mauling such notice by cerhfted mail addressed to Borrower at
<br />the property Address or at such other address :,s Burrower may designate by notice u, I ender as provided herein, and
<br />flit any notice to Lender shall he given by certified maul. rru,rn leceq +I requested. to i ender', address stated herein or to
<br />&rich other address as Lender may designate by notice to Borrower as provided herein. Any notice provided for in this
<br />Mortgage shall be deemed to have been given to forrower or I ender ,then given in the manner designated herein.
<br />15. Unitefrm Morfxapge; Governing Law; Severe oilit%. rho form of mortgage contbines uniform •.ovcnant% for national
<br />use and non - uniform covenants with limited vatianom h} lit; 111911n 111 con%tuutc a uniform security instrument covering
<br />real property. This Mortgage shall he governed by the f the lun„hcolon ;it which the Property is tootled In the
<br />evens that any Provision or clause of this Mortgage or the Nate conflict, ,,ilh applicable law, such conflict shall not affect
<br />other provsidotfs of this Mortgage or file Note which cam In horse effect without the conflicting provision. and to this
<br />end the provisions of the Mnrtgagc• and the 'vote .Ire declared fi, Ix severahlr
<br />16. bomfwer's Copy, Borrowcr shall he furnished ,, ,ont-,rnim copy of the Note :nul of this Mortgage at the time
<br />of easectifeon or after recordation hereof.
<br />17. Transfer of the properly: Assumption. It all or any part of the Property ,,r :fro interest thete,n is sold or transferred
<br />by Borrower s+,thoat Lender's prior written cinl%col, including 1,u The crrauon of alien a +r rncumhraare sufonni,n :air to
<br />this Mortgage. fhf the erratum of a purchaw inonev ,ecunur nritrest fur homehold appli.ince%. (cl :a transfer by devise.
<br />descent or by operation of law upon the death nt .1 form tenant .a Ids file vrant of ;any iv,a,ehold mierest of Three %cars or less
<br />not containing An option to purchase. [.ender may, at Lender', ,,pt,On 6hlarc .n1. thV .wilts •.caned hs tIt .1, rigage h, he
<br />NrlmedtalCIV date and pavahle. Lender shall ha,c w;uved ,goU,a, t accclrr;.te u. punt t,� the ,,de of uansfre. !ender
<br />and the person fo whom the Property is W he sold nt uartsrcrred rea,h agrccntcnl no wrifm4 that the credit of each Amnon
<br />is satisfastnry To Lender and that the interest payable on the sums secured by :his Mortgage ,hall he it( s1ech rate a, I ender
<br />shall request if Lender has waived the option to acceierloc provr,led an this paragraph 17. and if Borrower's %uccesset in
<br />interest has executed a written assumption agreement accepted in Is filing f,v 1 ender. I en +ier shall Tea w
<br />se Borrocr from all
<br />Obligations under this Mortgage and the Note. el
<br />If Lender e%croisrs such Opfeaou to accelerate, Lender %hail mail Borrower nofacc of as celcralion lit accordance with
<br />paragraph 14 hereof. Stich notice shall provide :a period of nail less than 10 days from the date the notice is mailed within
<br />which borrower may pay the sums declared tiller If florro"Cr f•uh n, pav such inns prior to the expiration of such per rod,
<br />Lender may. without further notice or demand on Horrower, nooke ,,,l i,•n,rd,e, penouncd he paragraph 1'4 hereof.
<br />1' a itfNdlNtFoltM C0VfWAN r9. Bnfrower And (.solder farther Covenant and agree es follows.
<br />10, Acrtkrr tiorl; Remedim E'srepf at provided fa Paragraph 17 hereof, up,,n borrowet'A breach of lay cnvepant or
<br />of fiorruwet In IAis M11oMgagt, including the rotrnautt to par when disc any sums secured by lb le Ml it.
<br />l• alder ptriar to oecelerNkmr shy mrlire fio Eorrower Bob provided In paragraph Id hereof tperitying: 1.!1 the herself:
<br />f2i the within r"Werd to cure curb beearb: 131 a Able, nor h^sve Than 30 davt from Ihr date the nutlet h mailed to Uoftowrr.
<br />by wtdsh such breach mmt be torrA; and T41 that taUufe 10 core such Me1nh on nr hrforc the dole tpeciUed In the native
<br />In a ed"atioa of the &oum trru"d by 11th ilortg e, (of host'" by judk -lid prtorrediag and sale of the pmperly.
<br />the metre shy fwlhrr inform aarruwer of ,hr right ►a rvinstatr after aerelcrafhsn and the right Ill "Well in the forrehture
<br />ths' off a drtaulf nr oily other dvten%r of Nasrr*awer Its arcelreatkfn and forrrHsvatr, If flit hrearh
<br />k
<br />this "W%W cored an or Want the date a cikrd in the nnifee. I ender st I.emfrr'A option nia► declare all of fist sums Arrured by
<br />shou by be im elv due sod payable without further demand and may (urerhwr by judicial P"Kisedirs. Lender
<br />bee ho rest in Seth pretr"blig all evpfnata of forerhavnee. Into , but not Unified ht, 4'0411 of dsx-umentan
<br />"Wesofe. and thie repurls,
<br />11, Ilmruvrars RIg10 In RelsweM• Nomithrfanahng 1 cndrr`s , :e °!etaaon of the +.ulna ca�,rard by thix �ioetgagc
<br />trtsabCr shsfl have flit right lag haws any psOU'rd °d,nya ;*;bolo by I e•nda r for enf,ln :e III,, Mortgage JINionlinued at ,any tittle ..
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